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Bidding Scenario Using the Sealed-Bid Attribute

The following examples illustrate the differences between a Sealed and non-Sealed-bid. The first example displays bidding for a Sealed-bid item in a English auction. The second example shows the same item as a non-Sealed-bid.

This auction is a single-quantity auction. The starting bid is set at $10, the bid increment is set at $1, and the bid is sealed.

Note how the following properties have been set in the S_SYS_PREF table:

The bidding for this auction is shown in the following tables ordered by first bid, second bid, third bid, and so on. The first part of Table 8 shows the user's bid; the second part of the table shows the result of that bid. There is no Maximum Bid Amount (AutoBid) for a Sealed-bid auction.

Table 8. First Bid in the Sealed-Bid English Auction
User Placing Bid
Bid Amount
Quantity Bid
Accept Partial Quantity
Mary
20
1
TRUE
Results after Bid
For User
Current Bid Amount
Quantity Bid
Quantity Won
Mary
20
1
1

Bid Summary: Mary enters a $20 winning bid and is winning a quantity of 1.

Table 9 lists the results from the second bid in the auction.

Table 9. Second Bid in the Sealed-Bid English Auction
User Placing Bid
Bid Amount
Quantity Bid
Accept Partial Quantity
Don
10
1
TRUE
Results after Bid
For User
Current Bid Amount
Quantity Bid
Quantity Won
Mary
20
1
1
Don
10
1
0

Bid Summary: In the Sealed-bid auction, Don could not see Mary's bid amount. He entered a bid of $10. His bid is accepted, but he does not win the auction. Because all bids are accepted in a Sealed-bid auction, Don did not receive a "bid too low" message when he placed his bid.


 Siebel eAuction Guide 
 Published: 18 April 2003